Singapore based company. Sale transaction subject to FIPB (Foreign
Investment Promotion Board) & RBI approval. Sale is not within the Mahindra
Group
goods and their
design, manufacture, export marketing and export
promotion. The RBI has approved the proposal of technical
collaboration vide letter dated 09.03.2000 after putting
fairly submitted that since all the restrictions have been waived by FIPB/RBI,
now the 'ALP' needs to be determined independently ... rates given by the DIPP and the RBI are for different
purposes, like for promotion of industries, management of foreign
exchange etc. and it varies
Length. The
approvals from the Foreign Investment Promotion Board/SIA/RBI, are for the
purpose of satisfying the requirements of Foreign Exchange Regulations ... stated in its
application to the RBI. The payment of brandname royalty was approved by the
RBI and RBI has not raised any question
India ('RBI') on 17.4.08 for the
allotment of above shares to ECHL and referring to approval from
the Foreign Investment Promotion Board ... India (RBI) on 17.04.2008 for the
allotment of above shares to ECHL and referring to approval from
the Foreign Investment Promotion Board (FIPB).
f. Form
India ('RBI') on 17.4.08 for the
allotment of above shares to ECHL and referring to approval from
the Foreign Investment Promotion Board ... India (RBI) on 17.04.2008 for the
allotment of above shares to ECHL and referring to approval from
the Foreign Investment Promotion Board (FIPB).
f. Form
India (RBI) on
5.6.1995. When the original agreement expired on 05.6.2002, the
assessee approached the department of Industrial Policy and Promotion
(DIPP) under the Ministry ... rates
given by the DIPP and the RBI are for different purposes, like for
promotion of industries, management of foreign exchange etc. and it
varies
expenses, vehicle expenses, sales promotion expenses paid by Nigerian party on behalf of the assessee without there being any RBI permission obtained by the assessee ... Nigeria and not by the assessee. According to the AO, RBI permission is not taken for making payment to M/s. St. Michael Pharmaceuticals
India [RBI] as compounding fees under the
provisions of Foreign Exchange Management Act, 1999 [FEMA]. The
assessee obtained approval from Foreign Investment Promotion Board
[FIPB ... granted,
inter-alia, subject to compounding by RBI. Accordingly, the assessee
filed an application to RBI for compounding of contravention under
FEMA 1999 vide application
said Act deal with authorization of payment
systems by RBI. Accordingly, NPCI was incorporated as Section 25
Company and it was specifically provided ... RBI's reply that RBI has not been operating the clearing system to
generate income. Income generation was only incidental. RBI started the
cheques